Archive for July, 2008

It’s a Rally — But in a Bear Market

Saturday, July 26th, 2008

From Barrons: THE STOCK MARKET HAS FOUND A BOTTOM -- but not the bottom. So enjoy this rebound while it lasts, because it looks like a bear-market rally. Reasons to expect further gains include the intensity of buying seen over the past week in the most beaten-down sectors -- banks, brokers, mortgages ...

Lehman, Deutsche Bank Strategists Predict Best 6 Months for S&P Since 1982

Monday, July 7th, 2008

From Yves Smith over at Naked Capitalism: "Since I seldom am the bearer of upbeat news, I thought I'd pass along the cheery forecast from market strategists at Lehman and Deutsche Bank, namely, that the Standard & Poor's 500 index will have its best six months since the second half on ...

July 3rd Market Action - SPY, IWM, XLF

Thursday, July 3rd, 2008

Where to begin... The SPY Iron Condor was put out this month will a slightly bullish bias as it is our opinion that we are due for a bit of a correction to the upside. We have oversold readings across the broad markets and a classic triple bottom setup. Now, ...